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Auroch Minerals (ASX:AOU) - CEO, Aidan Platel - The Market Herald
CEO, Aidan Platel
Source: The Market Herald
  • Auroch Minerals (AOU) has begun reverse circulation (RC) drilling at the recently acquired Firefly and Sinclair North prospects
  • Three holes have been planned at Firefly and two have been planned for Sinclair North to test the modelled contact within fresh rock at a 100-metre depth
  • All of the holes will be cased to allow for follow-up downhole electromagnetic surveys to identify any strong conductors
  • Additionally, the second phase of exploration at the Valdez Nickel Project has been completed
  • Four RC holes were drilled and all intersected thick fertile ultramafic units with all now being logged and sampled
  • Auroch is up a slight 1.33 per cent and shares are trading for 7.6 cents each nearing market close

Auroch Minerals (AOU) has begun reverse circulation (RC) drilling at the recently acquired Firefly and Sinclair North prospects.

Both prospects are part of the Leinster Nickel Project which lies in the Norseman-Wiluna Greenstone Belt in Western Australia.

This 1000-metre drill program will be Auroch's first phase of exploration after it entered a binding agreement with Jindalee Resources to earn up to a 70 per cent interest of a four tenement package in July.

Three holes have been planned at Firefly and two have been planned for Sinclair North to test the modelled contact within fresh rock at a 100-metre depth.

All of the holes will be cased to allow for follow-up downhole electromagnetic (DHEM) surveys to identify any strong conductors.

Historical drilling at both the Firefly and Sinclair North prospects has identified nickeliferous units and retuned a best result of 23 metres at 0.53 per cent nickel from 13 metres including one metre at 0.86 per cent nickel from 22 metres.

"We are excited to commence our first phase of exploration at the Firefly and Sinclair North prospects, where excellent nickel results in the weathered profile from historic RAB drilling have never been followed up with deeper drilling," Managing Director Aidan Platel commented.

"These targets are shaping up to have all of the necessary characteristics to potentially host significant nickel sulphide mineralisation," he added.

Additionally, the second phase of exploration at the Valdez Nickel Project has been completed.

Four RC holes were drilled and all intersected thick fertile ultramafic units. These holes are currently being logged and sampled and will be assessed with DHEM surveys next week.

Once results are received, they will be used to outline targets for the next phase of exploration.

Auroch is up a slight 1.33 per cent and shares are trading for 7.6 cents each at 3:58 pm AEST.


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